Quote:
Originally Posted by skys the limit
The proposal is a current proposal. The Arts District area has spawned billions in development over the last five years, especially when including the explosive growth of highrises in the Uptown District just immediately north of the Woodall Rogers Freeway.
With the Woodall Rogers Urban Park now under construction, and the construction of the 42 story Museum Tower, the link between the core CBD and Uptown will be seamless. The Arts District is now almost fully built out with its many arts venues, with the Dallas Performance Hall under construction as the last major arts facility development that will complete the Arts District.
All of these are adding further synergy to the development surrounding the Arts District, which includes The Spire project.
Here is a link to the architectural firm's website showing the current proposals for The Spire project:
http://www.wdgdallas.com/
I also do have a recent news update indicating that the development group for The Spire has purchased more land for their Downtown Dallas development plans. I'll post that tomorrow as I do not have that link with me at the moment. I don't think the development group would be spending more money purchasing more land now if they weren't committed to their plans.
I think given the ultra-hot Dallas Arts District area that it is planned for that at the moment the project looks real and viable. |
That's all fine and dandy but doesn't guarantee anything currently. There are mega plans like this for projects outside of Houston's DT and Med Center that have all the land and plans available but if there isn't a demand for the space or the financing isn't in order then it's not happening. 1.7 million square feet for DT Dallas is a lot given it's high vacancy rate for the past decade, that just doesn't make sense.
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